Common use of Cancellation and Destruction Clause in Contracts

Cancellation and Destruction. All Notes shall forthwith after payment thereof be delivered to the Trustee and cancelled by it. All Notes cancelled or required to be cancelled under this or any other provision of this Indenture shall be destroyed by the Trustee and, if required by the Corporation, the Trustee shall furnish to it a destruction certificate setting out the designating numbers of the Notes so destroyed.

Appears in 3 contracts

Samples: Trust Indenture (Columbia Care Inc.), Trust Indenture (Columbia Care Inc.), Indenture (Terrace Energy Corp)

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Cancellation and Destruction. All Notes shall shall, forthwith after payment thereof be as described in this Indenture and the relevant Note, and the Notes have been delivered to the Trustee and Trustee, be cancelled by it. All Notes cancelled or required to be cancelled under this or any other provision of this Indenture shall be destroyed after the requisite period of retention by the Trustee Trustee, in accordance with the Trustee’s customary procedures, and, if required by the CorporationIssuers, the Trustee shall furnish to it a destruction certificate setting out the designating numbers of the Notes so destroyed.

Appears in 2 contracts

Samples: Note Indenture (Kerzner International LTD), Note Indenture (Kerzner International LTD)

Cancellation and Destruction. All Notes shall forthwith after payment in full thereof be delivered to the Trustee and cancelled or to a Person appointed by it. All Notes cancelled it or required to be cancelled under this or any other provision of this Indenture shall be destroyed by the Corporation with the approval of the Trustee and, if required by and cancelled. The Trustee shall prepare and retain a certificate of such cancellation and upon the Written Request of the Corporation deliver a duplicate thereof to the Corporation, the Trustee shall furnish to it a destruction certificate setting out the designating numbers of the Notes so destroyed.

Appears in 2 contracts

Samples: Trust Indenture (American Express Credit Corp), Trust Indenture (Caterpillar Financial Services Corp)

Cancellation and Destruction. All matured Notes shall forthwith after payment thereof be delivered to the Trustee and cancelled by it. All Notes which are cancelled or required to be cancelled under this or any other provision of this Indenture shall be destroyed by the Trustee and, if required by the CorporationIssuer, the Trustee shall furnish to it a destruction certificate setting out the designating numbers and denominations of the Notes so destroyed.

Appears in 2 contracts

Samples: Trust Indenture (Emera Inc), Trust Indenture (Emera Inc)

Cancellation and Destruction. All matured Notes shall forthwith after payment thereof be delivered to the Trustee and cancelled by it. All Notes which are cancelled or required to be cancelled under this or any other provision of this Indenture shall be destroyed by the Trustee and, if required by the Corporation, the Trustee shall furnish to it a destruction certificate setting out the designating numbers and denominations of the Notes so destroyed.

Appears in 1 contract

Samples: Note Indenture (Peru Copper Inc.)

Cancellation and Destruction. All Notes shall forthwith after payment thereof be delivered to the Trustee Corporation and cancelled by it. All Notes cancelled or required to be cancelled under this or any other provision of this Indenture agreement shall be destroyed by and the Trustee and, if required by the Corporation, the Trustee Corporation shall furnish to it a destruction certificate setting out the designating numbers of the Notes so destroyed.

Appears in 1 contract

Samples: Loan Agreement (Imagis Technologies Inc)

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Cancellation and Destruction. All Notes shall forthwith after (i) payment thereof, or (ii) conversion thereof pursuant to Section 2.2(6), be delivered to the Trustee and cancelled by it. All Notes cancelled or required to be cancelled under this or any other provision of this Indenture shall be destroyed by the Trustee and, if required by the Corporation, the Trustee shall furnish to it a destruction certificate setting out the designating numbers of the Notes so destroyed.

Appears in 1 contract

Samples: Indenture (Sundial Growers Inc.)

Cancellation and Destruction. All matured Notes shall forthwith after payment thereof of all Obligations thereunder be delivered to the Trustee or to a Person appointed by it or by the Issuer with the approval of the Trustee and cancelled by itthe Trustee. All Notes which are cancelled or required to be cancelled under this or any other provision of this Indenture shall be destroyed by the Trustee and, if required by the CorporationIssuer, the Trustee shall furnish to it a destruction certificate setting out the designating numbers of the Notes so destroyed.

Appears in 1 contract

Samples: Trust Indenture

Cancellation and Destruction. All Notes shall forthwith after payment thereof be delivered to the Note Trustee and cancelled by it. All Notes cancelled or required to be cancelled under this or any other provision of this Indenture shall be destroyed by the Note Trustee and, if required by the Corporation, the Note Trustee shall furnish to it a destruction certificate setting out the designating numbers of the Notes so destroyed.

Appears in 1 contract

Samples: Trust Indenture (Theratechnologies Inc.)

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